Originally Posted by ovrlnd
I give you a loan for $2000
you spend $1000
you decide that you don't need the other $1000 so you give it back to me and you claim that you have repaid your loan in full.
no you still owe me $1000.
Not 100% accurate, as you would lay claim to 60% of the $2000 (or more) if I were successful in the business you loaned me the money for.
That 60% may be worth lots o cash, it may be worth nothing.